Robert Thomas Dechant Sells 1,792 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 1,792 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total transaction of $40,320.00. Following the transaction, the chief executive officer now owns 226,841 shares in the company, valued at approximately $5,103,922.50. The trade was a 0.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IBEX Stock Down 1.8 %

Shares of IBEX stock opened at $21.80 on Thursday. The business has a fifty day simple moving average of $20.77 and a 200 day simple moving average of $18.86. The company has a market cap of $365.37 million, a P/E ratio of 11.53 and a beta of 0.78. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $22.52.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The firm had revenue of $129.72 million for the quarter.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their target price on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.25.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after acquiring an additional 1,623 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of IBEX by 11.9% during the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock worth $347,000 after purchasing an additional 1,842 shares during the period. State Street Corp grew its stake in shares of IBEX by 1.2% in the third quarter. State Street Corp now owns 181,035 shares of the company’s stock worth $3,617,000 after purchasing an additional 2,105 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in IBEX by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after purchasing an additional 3,052 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in IBEX during the 3rd quarter worth $68,000. Institutional investors own 81.24% of the company’s stock.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.